China central bank cuts 7-day reverse repo rate for first time since 2015

//China central bank cuts 7-day reverse repo rate for first time since 2015

From reuters.com

China’s central bank lowered on Monday the interest rate on reverse repurchase agreements by five basis points, the first reduction in the short-term liquidity tool in more than four years. The People’s Bank of China (PBOC) said on its website that it was lowering the seven-day reverse repo rate to 2.50% from 2.55%.

2019-11-18T13:17:41+00:00